What is ALLOTMENT LETTER?

A receipt for securities that an applicant can have for a new issue. Its a certificate and can be renounced on a specific date. The rights can be renounced or sold. It is title to te rights of sotck. AKA letter of allotment.

More On This Topic



Link to This Definition
Did you find this definition of ALLOTMENT LETTER helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary